BMW M5 E60 prices
Discussion
Well well on Autotrader today the first advert for one under £30k!!
Well given it was £65k new and now 3 years old thats 46% retained value which given the nature of big luxo barges is good going. Its really annoying on other threads posted here that some owners are complaining about losing £15k in a year... well frankly % wise thats normal your just suffering exactly the same % loss as someone buying a £20k Golf et al.
You bought the car costing £65k so you must be either wealthy by inheritance or have a senior management position - or have financed it through House price inflation. Ignoring therefore I'd state that most buyers are pretty sharp individuals in which case why the big issue about losing £15-30k? That was a foregone conclusion upon buying the car.
Also the rediculous suggestion by someone to sell their M5 for low £20k and then buy a diesel commuter to save on the fuel..... oh my I really hope that was a post which was either taking the p&ss or actually p&ssed. To sell at £10+k under market value is crazy - to even bother wasting your time to post on here makes it even worse. (To the OP - sorry for the rant nothing personal it just drives me wild that someone clearly well off enough to afford such a stunning car couldnt grasp that basic common sense before posting).
Friday rant over.
Well given it was £65k new and now 3 years old thats 46% retained value which given the nature of big luxo barges is good going. Its really annoying on other threads posted here that some owners are complaining about losing £15k in a year... well frankly % wise thats normal your just suffering exactly the same % loss as someone buying a £20k Golf et al.
You bought the car costing £65k so you must be either wealthy by inheritance or have a senior management position - or have financed it through House price inflation. Ignoring therefore I'd state that most buyers are pretty sharp individuals in which case why the big issue about losing £15-30k? That was a foregone conclusion upon buying the car.
Also the rediculous suggestion by someone to sell their M5 for low £20k and then buy a diesel commuter to save on the fuel..... oh my I really hope that was a post which was either taking the p&ss or actually p&ssed. To sell at £10+k under market value is crazy - to even bother wasting your time to post on here makes it even worse. (To the OP - sorry for the rant nothing personal it just drives me wild that someone clearly well off enough to afford such a stunning car couldnt grasp that basic common sense before posting).
Friday rant over.
What are you basing your maths on Welshbeef?
I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
LittleBro said:
What are you basing your maths on Welshbeef?
I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
Purchase price £65k - three year old price £30k = 46% residual value.I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
If you bought a 2 year old car for £45k then it was way over priced and the buyer should have looked at the 3 year residual value and then would have realised that hold on in 1 years time the trade believe it will be worth £30k. You can then base your judgement upon that £15k over 12 months loss.
If you take a Golf GTI say for £20k it is worth £10k by year 3 therefore if you buy a 2 year old example for £16k and the dealer is making out its a cracking deal then you must realise that next year it will be worth £10k.
The correct time to buy is either 6months old or at 5 years old they represent the best value points. However as most people dislike the >100k miles buying a 2nd hand car they opt for 3 years which is a good compromise.
Welshbeef said:
You bought the car costing £65k so you must be either wealthy by inheritance or have a senior management position - or have financed it through House price inflation. Ignoring therefore I'd state that most buyers are pretty sharp individuals in which case why the big issue about losing £15-30k? That was a foregone conclusion upon buying the car.
I agree. Though most of these cars are financed on residual deals, ie, deposit, monthly payment, residual payment at end of contract. Therefore total cost to own for three years = deposit + 36 x monthly payment. This may well be less than list price - trade in price. A good example of that is with a mercedes 320CDI. If you can raise £6K or so for a deposit, then you could have a £40K 320CDI for £369 a month...http://www2.mercedes-benz.co.uk/content/unitedking...
You then hand it back after three years, irrespective of what its worth.
Welshbeef said:
Also the rediculous suggestion by someone to sell their M5 for low £20k and then buy a diesel commuter to save on the fuel..... oh my I really hope that was a post which was either taking the p&ss or actually p&ssed. To sell at £10+k under market value is crazy - to even bother wasting your time to post on here makes it even worse. (To the OP - sorry for the rant nothing personal it just drives me wild that someone clearly well off enough to afford such a stunning car couldnt grasp that basic common sense before posting).
Friday rant over.
And yes, there is this assumption that now there is a credit crunch, anyone owning a £50K car obviously couldnt afford it and has now had to sell it. Not really how it works at that end of the market.Friday rant over.
Still seeing so many complaining about the loss/market value of their cars does point to the fact it might have been an expensive toy which has gone a little sour on the £ side (clearly not on the driving or beauty of the car)
Anyone spending this amount of cash should always go down the route of PCP totally eliminates the depreciation issue/your fully aware of it at the start.
Anyone spending this amount of cash should always go down the route of PCP totally eliminates the depreciation issue/your fully aware of it at the start.
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that 
There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
Welshbeef said:
LittleBro said:
What are you basing your maths on Welshbeef?
I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
Purchase price £65k - three year old price £30k = 46% residual value.I'll make a few sweepiung assumption...If you bought a car last year for £45k (say, a 2 year old M5) and lost £15k (33%) between years 2 and three, I wouldnt say that's normal. I think a £20k golf would lose more in year one but if it was still losing 33% in year 3, I'd be very unhappy. Weather it be a Maybach or a an MX-5, losing 33% in a year 3 is a significant loss. Yes, in years 1-2 it would be a sizable loss, but it should slow down in year 3. Sadly, the way fuel has gone lost of people with thirsty cars are suffering.
I think depreciation is a fact with a nearly new car but if you were stretching yorself last year to buy and M5, I doubt very much weather anyone would have anticipated quite the turn we've seen in used car values. Your comment that anyone owing an M5 can afford the depreciation is rediculous.
I'm not having a personal pop but it does grate on me when people assume that beacuse you drive a nice car "you can afford it". For me a nice car is a luxury I work hard to maintain, it doenst mean I'm loaded at all.
If you bought a 2 year old car for £45k then it was way over priced and the buyer should have looked at the 3 year residual value and then would have realised that hold on in 1 years time the trade believe it will be worth £30k. You can then base your judgement upon that £15k over 12 months loss.
If you take a Golf GTI say for £20k it is worth £10k by year 3 therefore if you buy a 2 year old example for £16k and the dealer is making out its a cracking deal then you must realise that next year it will be worth £10k.
The correct time to buy is either 6months old or at 5 years old they represent the best value points. However as most people dislike the >100k miles buying a 2nd hand car they opt for 3 years which is a good compromise.
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
I don't agree that paying £45k lasy year was overpriced, thats what they were selling for. In fact, 6 months ago that was the going rate for a 2-2.5 y/o car. They've tanked of late due to econonmic fears, fuel price and the retro-rapoing on VED. Anyone who saw each of those coming and accounted for them is so wise and well informed that £15k depn would be pennies to the amounts they could be earning working in a bank 
Welshbeef said:
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
k don't they have manuals here/jamoor said:
Welshbeef said:
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
k don't they have manuals here/Zod said:
jamoor said:
Welshbeef said:
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
k don't they have manuals here/jamoor said:
Zod said:
jamoor said:
Welshbeef said:
MattOz said:
Welshbeef said:
Well well on Autotrader today the first advert for one under £30k!!
Nice CatD car that There have been several E60 M5's on Autotrader for £26-£28k. However, they have mostly had 80k miles or thereabouts. Imagine seeing the overall running costs for one of those!
Mat
Edited by MattOz on Saturday 16th August 14:16
k don't they have manuals here/This one makes the CATD look over priced...I know it's not the best colour but I like it.
http://www.pistonheads.com/sales/664642.htm
http://www.pistonheads.com/sales/664642.htm
Andyt25 said:
This one makes the CATD look over priced...I know it's not the best colour but I like it.
http://www.pistonheads.com/sales/664642.htm
Im so tempted to get an M5 at the moment, i actually love that colour ''sepang bronze''.http://www.pistonheads.com/sales/664642.htm
Gassing Station | BMW General | Top of Page | What's New | My Stuff